Bulgaria's parliament seeks to cut utility prices, ease protests

Bulgaria's parliament on Friday rushed through measures aimed at keeping constant or even lowering electricity prices and avoiding a repeat of last winter's nationwide protests that prompted the government to resign. The changes, which lawmakers hope will lead to a...

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Bulgaria's parliament seeks to cut utility prices, ease protests

Balkans.com Business News Correspondent - 01.07.2013

Bulgaria's parliament on Friday rushed through measures aimed at keeping constant or even lowering electricity prices and avoiding a repeat of last winter's nationwide protests that prompted the government to resign.

The changes, which lawmakers hope will lead to a five-percent cut in prices for households, are also aimed at boosting exports since the country currently produces far more electricity than it needs.

Unpayable winter heating bills sparked mass protests against low living standards and corruption in the EU's poorest country, forcing in February the right-wing government of Boyko Borisov to quit.